SEC Approves Rule Change to Amend the Definition of Public Arbitrator in the Arbitration Codes for Customer and Industry Disputes; Effective June 9, 2008
<p>Relief granted to banks to facilitate an orderly and efficient transition of employees from a bank into a broker/dealer to comply with the Financial Modernization Act of 1999.<br />
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Dear Sir/Madam
Im invested in PSQ and Dog as an insurance policy and investment tool against market declines. It might or might not work out for me as an investment. That makes it no different to me than equities themselves, so I dont understand why I should be restricted from owning while others could. Please do not enact a rule that takes this option away from me and others.
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Executive Summary
On April 30, 1993, the Securities and Exchange Commission (SEC) approved an amendment to Article III, Section 35 of the Rules of Fair Practice and the Investment Company Securities section of the NASD Manual. The amendment adds language relating to investment companies to Article III, Section
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The NASD requests comments on proposed amendments to subsections (b)(7) — Definitions
All these "considerations" are excellent and much needed. Since their is a loser on the end of every trade you really have to level the playing field. Secondly the public can't rely on the system to protect them from manipulation and greed. Enforcement of these rules would go a long way towards fixing that.
An exemption is granted based on the following: First, the Firm took prompt remedial action by placing Name in an "inactive status" and directing him to not engage in any work for the Firm. Second, you have represented that Name, prior to being hired by the Firm, was not engaged in the solicitation of municipal securities business, as defined in the Rule, and during his Firm employment as an MFP Name did not engage in municipal securities representative activities and did not solicit municipal business. Third, you have represented that the Firm has a long relationship as an underwriter of municipal securities for County #1 and County #2, and the State and neither the hiring of Name nor his Contributions were necessary to obtain municipal securities business from such issuers. Fourth, the Firm has agreed to undertake an education initiative, as described below, for all employees of the Firm's Municipal Securities Group.
All short sales - synthetic, actual, borrowed, naked shorts which we need to acknowledge exist, etc. ALL should all be more fully disclosed to level the playing field for the non-institutional buyer. Hedge funds manipulate the market terribly with the existing rules and it needs to change.
Amendments to Mediation Code to Provide the Mediation Director With Discretion to Determine Whether Parties to a FINRA Mediation May Select a Mediator Who Is Not on FINRA’s Mediator Roster
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